Listia, a San Jose, CA-based auction site where people bid on other people’s items using credits instead of real money, raised $1.75m in funding.
The round was led by Andreessen-Horowitz, with participation from SV Angel, Founder Collective, High Line Venture Partners, Max Levchin, Naval Ravikant, Alex Zubillaga, James Hong and others.
The company intends to use the funds to continue to develop and improve its product and service as well as add new professionals (http://www.listia.com/jobs).
Launched in 2009, Listia recently launched its iPhone app, which allows to browse, bid and list items.
FinSMEs
01/05/2011